Bottles of Soda Pepsi are presented in a store on March 17, 2025 in New York.
Spencer Platt | Getty Images
Pepsico Thursday reported mixed quarterly results because its international sales compensate for lower demand in North America.
The food and drinks giant has also reduced its forecasts for the basic profits of constant currency by action, citing new prices, economic volatility and a more cautious consumer.
“While we look to the future, we expect more volatility and uncertainty, in particular linked to world trade developments, which, in our view, will increase the costs of our supply chain,” said CEO Ramon Laguarta in a press release. “At the same time, the conditions of consumption in many markets remain moderate and also have an uncertain perspective.”
The actions of the company fell by 2% in trade prior to the market.
Here is what Pepsico has reported in relation to what Wall Street was expecting, on the basis of a survey of LSEG analysts:
- Profit per share: $ 1.48 adjusted vs $ 1.49 expected
- Income: $ 17.92 billion against $ 17.77 billion expected
Pepsi said net net income in the first quarter attributable to the company of $ 1.83 billion, or $ 1.33 per share, against $ 2.04 billion, or $ 1.48 per share, a year earlier.
By excluding restructuring costs, acquisition fees and other articles, the company won $ 1.48 per share.
Net sales fell 1.8% to $ 17.92 billion. Organic income, which removes acquisitions, divests and foreign currencies, increased by 1.2% during the quarter.
The world volume of Pepsi fell 3% for its practical food unit and was stable for its drinks. The metric deposits prices and exchange changes.
Laguarta said that the company “took measures” to improve its North American performance. The volume of his interior food company dropped by 1%, while its North American drinking unit saw the volume decrease by 3%.
During the full year, Pepsi now expects that its basic constant currency benefit is roughly unchanged compared to the previous year, declining compared to its previous forecasts which project growth halfway.
The company reiterated its prospects for a low -figure increase in figures for organic income.
This story is developing. Please check the updates.
